Hong Kong showcased its innovation and technology (I&T) strengths at three fairs last week, including the first-ever InnoEX co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), held concurrently with the Hong Kong Electronics Fair (Spring Edition) and Hong Kong International Lighting Fair (Spring Edition).
As the shift to vegetarian diets becomes more deeply rooted in Hong Kong, local start-ups are seizing the opportunity to develop new food technologies. Hong Kong start-up Good Food Technologies has developed a plant-based pork substitute made from konjac (a root vegetable widely cultivated in Asia), coconut oil and soyabeans. The firm's first round of financing attracted HK$12 million (US$1.53 million) which will be used to build new production facilities, develop retail capabilities and grow beyond Hong Kong.
The alternative investment industry in Hong Kong has remained resilient in the face of the COVID-19 pandemic, with Securities and Futures Commission (SFC) data showing assets under management (AUM) rising 21% to HK$34 trillion (US$4.33 trillion) in 2020. Meanwhile, private banking and private wealth management enjoyed a year-on-year increase of 25% to HK$11.3 trillion in 2021.
This month, one of the Hong Kong’s longest-running and most popular cultural events is officially part of celebrations to mark the 25th anniversary of the establishment of the Hong Kong Special Administrative Region – and is also the first major event to open to the general public following the fifth wave of the COVID-19 pandemic in the city.
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